Forex: GBP/USD Technical Analysis – Pound Loses Grip on 1.60
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- A bearish Dark Cloud Cover candle pattern marked a turn lower, as expected
- Breaking support at 1.5918 (23.6% Fib) exposes 1.5707 (38.2% Fib)
- Reversing above trend line resistance (1.6129) aims for 1.6235 (23.6% Fib expansion)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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